Digital360 S p A : finalises the acquisition of shares in the Argentinian company EMPRENDIMIENTOS AEREOS S.R.L. (‘XONA’)

Press Release

DIGITAL360 finalises the acquisition of shares in the

Argentinian company EMPRENDIMIENTOS AEREOS S.R.L.

('XONA')

Milan, 07 December 2022 - DIGITAL360 S.p.A. Società Benefit ("DIGITAL360" or the "Company"), an innovative SME listed on the Euronext Growth Milan market, announces that it has acquired a 51% stake in the Argentinian company EMPRENDIMIENTOS AEREOS S.R.L. ("XONA"). This was announced to the market on 25 January 2022; the press release may be referred to for all transaction details.

XONA is a marketing agency based in Buenos Aires and offers PR, communication and events services (in presence and digital) with a specific focus on the tech market. The company is very well positioned in the Argentine territory, and works with important players in the world of Information & Communication Technology.

XONA was the first foreign acquisition formalised in 2022 (resulting from a preliminary purchase agreement), and initiated an expansion strategy in areas rich in interest for DIGITAL360: South America and Spain, markets characterised by their enormous size and equally significant development potential.

Thus, the agreement with Xona was followed by deals concluded in Spain (BPS), Colombia (X3Media and Impacto), and Mexico (Netmedia). Other LATAM companies are expected between December and the beginning of the new year.

The acquisition, and more generally, the development strategy abroad, will replicate in these markets the dissemination of digital culture and innovation in private companies and public administration, which are still characterised by a strong backwardness and by the presence of an entrepreneurial fabric that, as in our country, is fragmented and strongly focused on the presence of SMEs. In these countries, therefore, the context for growth is very favourable, due to the expected arrival of significant public funds to support the economy and digitisation.

The consideration paid for the acquisition amounted to EUR 0.4 million in addition to the NFP, which, due to XONA's excellent results during the year, is creditworthy to the tune of about EUR 0.5 million, and therefore entails an outlay of about EUR 0.25 million for the relevant 51%, part of which (about EUR 0.1 million) will be paid in the coming months.

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This press release is available on the Company's website at www.digital360.it.

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DIGITAL360

DIGITAL360, a companỳ benefit listed on the Euronext Growth Milan Market of the Italian Stock Exchange, aims to accompany companies and public administrations in the understanding and implementation of digital transformation and to encourage them to meet the best technology suppliers. DIGITAL360 pursues this objective through two business units: one, called "Demand Generation" supports technology companies (vendors, software houses, system integrators, start-ups, etc.) iǹ communication, storytelling, event management, and generation of business opportunities̀; the other, called "Advisory & Coaching" is aimed at all companies and public administrations wishing to undertake any digital transformation path. NetworkDIGITAL360, transversal to both Business Units, is the largest network of online publications dedicated to all topics of Digital Innovation. DIGITAL360 integrates a multidisciplinary and multicultural mix of professionalism̀ and skills thanks to analysts, journalists, consultants and experts in the digital world, united by a great passion and mission: digital innovation as an engine for the growth and modernisation of our country. For further information: www.digital360.it

Contact

Investor relations

Emilio Adinolfi

Email: [e-mail]

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DIGITAL360 Press Office: d'I Comunicazione

Piero Orlando

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Tel: [phone]

Euronext Growth Advisor

CFO SIM S.p.A.

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Tel: [phone]

This press release is for information purposes only and does not constitute an offer to the public or an invitation to subscribe for or purchase any securities in Italy or in any other country in which such offer or solicitation would be subject to restrictions or authorisation by local authorities or otherwise prohibited by law. This press release may not be published, distributed or broadcast in the United States, Canada, Australia or Japan. The shares mentioned in this press release may not be offered or sold in Italy, the United States or any other jurisdiction without registration under applicable provisions or an exemption from registration under applicable provisions. The shares referred to in this press release have not been and will not be registered under the US Securities Act of 1933 or under applicable provisions in Italy, Australia, Canada, Japan or any other jurisdiction. There will be no public offering of the Company's shares in Italy, the United States, Australia, Canada or Japan or elsewhere.